MortgagesAug 29 2014

Two lenders update buy-to-let ranges

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Accord Buy-to-Let has today (29 August) announced it is reducing some of its mortgages by 0.25 per cent and offering up to £1,000 cashback or free valuations on selected products.

Yorkshire Building Society Group’s intermediary-only lender is cutting rates across its two-year fixed 65 per cent loan-to-value range by 0.25 per cent, with incentives including £1,000 cashback on completion or free valuations available on selected mortgages.

The 65 per cent loan-to-value range includes mortgages with two-year fixed rates rates from 2.79 per cent to 3.44 per cent, with £1,800 product fees from £195 to £1,800 and cash back of between £300 and £1,000.

The lender has also made amendments to its 75 per cent LTV mortgages, with reductions of 0.10 per cent across the range.

Chris Maggs, national account manager at Accord Buy-to-Let, said: “We believe our buy-to-let mortgage range offers excellent choice for customers. We are continuing to listen to brokers’ needs by offering these new rates as well as high-quality service to both customers and brokers.”

Meanwhile, Virgin Money announced a new range of mortgage products available from today, including several exclusives for intermediaries registered with a Virgin Money national account available for a limited period.

The intermediary exclusive products, available to purchase and remortgage customers, include three buy-to-let deals: a two-year fixed rate at 2.65 per cent at 60 per cent LTV; a two-year fix at 2.74 per cent at 70 per cent; and a five-year fix at 3.79 per cent at 60 per cent LTV. All come with a £1,995 product fee and offer £250 cashback.

Other offers on residential mortgages include a two-year fixed rate at 2.08 per cent at 60 per cent LTV, and a residential three-year fixed rate at 2.54 per cent at 60 per cent LTV. Both come with a £995 product fee.

Virgin is also launching a range of larger loan exclusives up to £1m property value, with two-year fixed rates from 1.94 per cent for two years to 3.1 per cent for five years, with product fees of between £995 and £1,995. All loans are available up to 60 per cent LTV.